Business · Markets · 7 hrs ago
Hedge Funds Sell Tech Stocks as AI Trade Faces New Doubts
Hedge funds sold global technology stocks at one of the fastest paces on record last week.
Their move followed concerns that political opposition could disrupt plans to build data centers.
Those concerns prompted an aggressive reassessment of the artificial intelligence trade.
Citi’s global strategy team says investors should sit out the global tech trade for now.
The bank wants tech positioning to become cleaner before returning to its previous overweight stance.
Citi will wait for sentiment and positioning to improve before taking that more positive view again.
Hedge funds sold global technology stocks at one of the fastest paces on record last week.
Concerns that political opposition could derail the data-center buildout prompted an aggressive reassessment of the artificial intelligence trade.
Citi’s global strategy team said tech positioning needs to improve before it would return to its previous overweight stance.
Citi advised investors to sit out the global tech trade until sentiment in the AI trade improves.
- Who
- Hedge funds sold the stocks. Citi’s global strategy team commented on investor positioning.
- What
- Hedge funds sold global technology stocks at one of the fastest paces on record. Citi said investors should sit out the global tech trade until AI sentiment improves.
- When
- Last week. The articles were published on November 9, 2026.
- Where
- Global technology stocks.
- Why
- Concerns that political opposition could derail the data-center buildout prompted a reassessment of the AI trade.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Selling pace
- One of the fastest paces on record
- Stocks sold
- Global technology stocks
- Timing of sales
- Last week
- Concern
- Political opposition could derail the data-center buildout
- Citi’s stance
- Wait for tech positioning to improve before returning to its previous overweight stance